Updated Mar 17, 2026 by PlayWay
The company has revised its corporate governance framework to align with public company standards, specifically modifying operational protocols for the General Meeting, Supervisory Board, and Management Board.
General Meeting location requirements were expanded beyond the company headquarters to include the seat of the stock exchange operator, signaling preparation for public market participation.
The Supervisory Board’s structure was updated from a fixed five-member composition to allow for greater procedural flexibility.
Previous Supervisory Board regulations permitted remote voting and written resolutions, though they strictly prohibited proxy voting for Chairperson elections or matters introduced during a meeting.
The Supervisory Board previously held explicit authority to appoint the statutory auditor for financial statements.
Administrative reporting requirements were streamlined by removing the specific mandate that required the Management Board to submit an annual activity report within three months of the fiscal year's end.
The company has revised its corporate governance framework to align with public company standards, specifically modifying operational protocols for the General Meeting, Supervisory Board, and Management Board.
General Meeting location requirements were expanded beyond the company headquarters to include the seat of the stock exchange operator, signaling preparation for public market participation.
The Supervisory Board’s structure was updated from a fixed five-member composition to allow for greater procedural flexibility.
Previous Supervisory Board regulations permitted remote voting and written resolutions, though they strictly prohibited proxy voting for Chairperson elections or matters introduced during a meeting.
The Supervisory Board previously held explicit authority to appoint the statutory auditor for financial statements.
Administrative reporting requirements were streamlined by removing the specific mandate that required the Management Board to submit an annual activity report within three months of the fiscal year's end.